Data: 95% of the popular tokens from 2017 have now faded out of the market

2024-10-31 08:57:07

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ChainCatcher news, cryptocurrency analyst Miles Deutscher revealed on social platform X that data shows that since 2017, the vast majority of cryptocurrency projects that once ranked in the top ten by market capitalization have faded from the mainstream market. The data indicates that, apart from Bitcoin, Ethereum, and Ripple (XRP), most of the popular tokens from 2017 have exited the top ten by market capitalization, such as Litecoin (LTC), Monero (XMR), and Ethereum Classic (ETC). Notably, the USDT stablecoin, which rose to prominence in late 2018, has consistently maintained its market capitalization position.

Deutscher pointed out that the cryptocurrency market changes rapidly, and investors need to maintain a flexible investment strategy. He suggested: "Do not become overly attached to a particular investment, but rather focus on emerging trends, as these new projects often bring better returns."

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